Comments (16)

And government surplus’ are a result of taking more tax than is spent, one might say needed. Thus a government that deliver fewer or less surplus’ is one that is not over-taxing it’s population perhaps?

Why shouldn’t that be a good sign? Does DPF insist governments ensure they tax us more than is required to function so that they may announce a surplus?

Our current National government has a poor record of surpluses, does DPF recommend they raise taxes to ensure they don’t make this error he accuses Australian Labour of?

I’m confused, I didn’t think it was DPF’s position that governments existed to profit from taxing us.

tvb

And the ALP is promising to spend its way into Government. They have blocked various attempts to balance the books. They wrecked the Governments surplus last time they were in Government. The Whitlam Government spent like crazy and were bundled out of office. When will people learn that the various faction in the ALP only hold together by spending money. The corrupt unions have a veto over anything.

Ed Snack

burt

The ALP simply needs to get Dr Cullen working for them. He can produce a surplus every year for 9 years then somehow when handing over the keys to the treasury benches to the next government there is a massive deficit and a decade of deficits predicted.

Sector 7g

I’m sorry but this video isn’t going to change anything. Australians don’t want a surplus. They want stuff for free. Every turn the Coalition took under Abbot to cut spending and balance the budget resulted in him diving in the polls. Let Australia get what they want.

Sector [1.54] cynical comment is fair. The number one way to get out of a financial rut is to spend less.
The Australians are over governed . Poor brothers have all these different voting systems in State, Federal, Local body , and Senate elections.
The biggest shag up I can see is that this double dissolution is going to leave yet another absurd Senate. The final seats in the Senate come down to negative votes for Labour and the Coalition. That is these weird tail end parties sucking votes from the vacuum.
@ I like driving cars, shooting and sex with Pauline Hansen party. This with a Green or two means no substantial legislation getting though, and a bad situation.

deadrightkev

They all have one thing in common. They are all useless and socialist.

With the exception of Sir Rogers mighty but short reform period NZ has been very badly governed.

Australia under Abbott was delivering. He hit the targets right up until the scum traitor progressives knifed him, now they are trading on his success to get re-elected. The only thing saving utterly hopeless Turnbull is an even more utterly hopeless Shorten.

srylands

“But seriously, Oz was on a downward trajectory from 1987, and didn’t recover till late 1990’s – but still no surplus, despite the Howard govt. doing a lot of good things.”
_________

No that is incorrect. The Howard Government delivered a succession of large Budget surpluses – nine surpluses beginning in 89/99 through to 2007/08, the first year of the Rudd Government. Only 2002/03 was there a small deficit in that sequence.

That achievement, and the paying down of debt, then allowed Rudd/Gillard to unwind the lot with a series of vastly expensive structural changes that persist today. Abbott tried to fix it in his first Budget. It was destroyed in the Senate.

Steve (North Shore)

ISeeRed

“Australians don’t want a surplus. They want stuff for free.”

Sadly true for most democracies and most of humanity. This current era of fiat currency, deficit spending, cheap credit and quantitative easing (basically, money printing) has created the illusion that we can have the free goodies now and pay later, or not at all, or make someone else pay. Whatever dark times are ahead of us, it will be mostly deserved, like the Greeks, Venezuelans and Argentinians who thought they could just vote themselves the good life.

Left Right and Centre

What we used to do in 1989 we still do today. What we want or need to do now, we could do the same back in 1989, except for Internet related stuff.

Ok – let’s really do this – TV3 ? Was new. No Sky – not that I’ve ever had it – and Sky was shit compared to today. Only the well-off had cd players – cds – certainly not in cars. Cassettes and vinyl – wow. VHS. Big box TV / computers. Walkmans. Dunedin had not long had its first McDonalds. Amateur rugby. Lots of WWII vets elderly but still ticking. Year before 1990 Auckland Commonwealth Games. Anyone remember Nicky Jenkins, then 13 ? Still using 1 and 2 $ notes, 1 and 2 cent coins. Still using cash.